CFS acts for local and or international banks and also for borrowers in a variety of transactions.  The experience of members of the firm and associates includes the structuring and preparation of a variety of agreements, financial and other documentation for single or multi currency denominated facilities, international projects and development finance for private and multilateral finance and aid organizations.

Our practice participated in the structuring of a financing package by Afro- Exim Bank, Cairo, Egypt and an international bank in Europe in favour of our clients, an air charter company, for the purchase of a plane from Raytheon of the U.S.A.   A major oil service company operating in Nigeria entered into an agreement with the air charter company for the charter of the plane for a stipulated number of flying hours.  Security for the loan was provided by way of domiciliation of the proceeds of the charter of the plane by the oil service company, a charge on the plane and the assets of the major shareholders of the air charter company.

We also specialise in the administration of corporate restructurings arising from insolvency or divestment of shares or investments by Nigerians or foreign investors in Nigerian enterprises.

A member of the firm and a member of our partner law firm acted for different parties in litigation arising from the cross-border insolvency of a Singapore company which has affected companies based in Nigeria, Ghana and the Netherlands.  A member of our practice acted for LRC International of London in its divestment from Sanitas (Nigeria) Ltd. including managing the sale of Sanitas’ major assets at Ikeja, Lagos and Port Harcourt, Rivers State.

CFS partner’s firm handled the Nigerian end of the liquidation of the Doumeng Group of France which entailed the divestment of Silos du Sud Ouest (a member of the Doumeng Group) from its investment in a joint venture company that was operating in Nigeria and advising the foreign lawyers of the Doumeng Group including its solicitors in England, Richards Butler, on the Nigerian law aspects of the matter.

We and our partner firm act for both lenders and borrowers and have considerable in-house expertise and experience in the areas of creation and perfection of security for financing arrangements and are retained solicitors to major banks in Nigeria.  Member of our practice participate regularly in advising on lendings from international and local finance and development agencies such as the International Finance Corporation, the African Development Bank, the Ship Acquisition and Building Fund, Nigerian Export and Import Bank and Afro Exim Bank.  Members been involved in insolvency proceedings on behalf of major Nigerian banks, some of which are reported in Law Reports published in Nigeria and are landmark decisions in these areas of the law. CFS was actively involved in the mergers and restructuring of banks in 2005.

CFS also acted for two major Nigerian banks in winding up processes involving a construction company. CFS offers a broad range of services in this area of practice and other areas of corporate finance that impact on them, particularly the public or private issue of securities.  We offer guidance to companies seeking to raise funds from the money or capital markets or seeking quotation on the Nigerian Stock Exchange.  We advise, structure and guide our clients through the implementation of these transactions through a variety of business combinations, mergers, de-mergers, joint ventures, domestic or complex cross border acquisitions, divestment, capital and corporate restructuring.

Guidance in this context, spans government relations, regulatory, corporate and shareholders compliance and approval procedures.  We are able to provide these services in-house because key members of our team have, in various capacities over a period in excess of fifteen years, guided leading conglomerates, multinationals and publicly quoted companies through the range of transactions described above.

We acted for international investors who were interested in acquiring controlling shares in a second generation Nigerian Bank.

Members of the practice over the years in various capacities acts as functionaries of Government, political officeholders or professional advisers of government and have amassed considerable expertise in the field of privatisation. They have acted with respect to the formulation, implementation, structuring, negotiation and execution of public diversture and privatisation of government owned or controlled enterprises.

We acted for a foreign investor, a major producer of cement in Asia in its bid to acquire controlling interest in the Cement Company of Northern Nigeria PLC and are currently acting for prospective core investors in Federal Government enterprises that are being privatised.


We are active in the consortium of law firms led by our partner firm that is active in the privatization programme of the Federal Government as legal advisers to consortia of professional advisers appointed by the Bureau of Public Enterprises to advise the Bureau in respect of several Federal Government enterprises being privatized.